{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1259.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1259.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1259.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1259.html"}],"law_id":72286,"edition_id":1,"section_id":72286,"structure_id":15307,"section_number":"13.1-1259","catch_line":"Exchange of securities; termination or amendment of merger","history":"2002, c. 621.","full_text":"In connection with a merger, rights or securities of, or interests in, a business trust or other business entity that is a constituent party to the merger may be exchanged for or converted into cash, property, rights, or securities of, or interests in, the successor business trust or any other business entity, whether or not a party to the transaction. Notwithstanding prior approval, an agreement of merger may be terminated or amended under a provision for the termination or amendment contained in the agreement of merger.","order_by":null,"text":{"0":{"id":260377,"text":"In connection with a merger, rights or securities of, or interests in, a business trust or other business entity that is a constituent party to the merger may be exchanged for or converted into cash, property, rights, or securities of, or interests in, the successor business trust or any other business entity, whether or not a party to the transaction. Notwithstanding prior approval, an agreement of merger may be terminated or amended under a provision for the termination or amendment contained in the agreement of merger.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15307,"edition_id":1,"name":"Merger","identifier":"11","label":"article","depth":3,"order_by":1,"parent_id":12745,"metadata":{},"date_created":"2026-06-26 03:53:48","date_modified":"2026-06-26 03:53:48","permalink":{"id":149177,"object_type":"structure","relational_id":15307,"identifier":"11","token":"13.1\/14\/11","url":"\/13.1\/14\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12745,"edition_id":1,"name":"Virginia Business Trust Act","identifier":"14","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":149111,"object_type":"structure","relational_id":12745,"identifier":"14","token":"13.1\/14","url":"\/13.1\/14\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75677,"structure_id":15307,"section_number":"13.1-1257","catch_line":"Authorization for merger","url":"\/13.1-1257\/","token":"13.1\/14\/11\/13.1-1257","metadata":false},{"id":85723,"structure_id":15307,"section_number":"13.1-1258","catch_line":"Approval","url":"\/13.1-1258\/","token":"13.1\/14\/11\/13.1-1258","metadata":false},{"id":72286,"structure_id":15307,"section_number":"13.1-1259","catch_line":"Exchange of securities; termination or amendment of merger","url":"\/13.1-1259\/","token":"13.1\/14\/11\/13.1-1259","metadata":false},{"id":58276,"structure_id":15307,"section_number":"13.1-1260","catch_line":"Repealed","url":"\/13.1-1260\/","token":"13.1\/14\/11\/13.1-1260","metadata":false},{"id":71717,"structure_id":15307,"section_number":"13.1-1261","catch_line":"Articles of merger","url":"\/13.1-1261\/","token":"13.1\/14\/11\/13.1-1261","metadata":false},{"id":63620,"structure_id":15307,"section_number":"13.1-1262","catch_line":"Governing instrument","url":"\/13.1-1262\/","token":"13.1\/14\/11\/13.1-1262","metadata":false},{"id":72888,"structure_id":15307,"section_number":"13.1-1263","catch_line":"Effect of merger","url":"\/13.1-1263\/","token":"13.1\/14\/11\/13.1-1263","metadata":false},{"id":67995,"structure_id":15307,"section_number":"13.1-1263.1","catch_line":"Abandonment of merger","url":"\/13.1-1263.1\/","token":"13.1\/14\/11\/13.1-1263.1","metadata":false}],"previous_section":{"id":85723,"structure_id":15307,"section_number":"13.1-1258","catch_line":"Approval","url":"\/13.1-1258\/","token":"13.1\/14\/11\/13.1-1258","metadata":false},"next_section":{"id":58276,"structure_id":15307,"section_number":"13.1-1260","catch_line":"Repealed","url":"\/13.1-1260\/","token":"13.1\/14\/11\/13.1-1260","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1259\/","history_text":"<p>This law was first created in 2002. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0621\">621<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":149187,"object_type":"law","relational_id":72286,"identifier":"13.1-1259","token":"13.1\/14\/11\/13.1-1259","url":"\/13.1-1259\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1259\/","token":"13.1\/14\/11\/13.1-1259","dublin_core":{"Title":"Exchange of securities; termination or amendment of merger","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1259","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>In connection with a merger, rights or securities of, or interests in, a <span class=\"dictionary\">business trust<\/span> or <span class=\"dictionary\">other business entity<\/span> that is a constituent <span class=\"dictionary\">party<\/span> to the merger may be exchanged for or converted into cash, property, rights, or securities of, or interests in, the successor <span class=\"dictionary\">business trust<\/span> or any <span class=\"dictionary\">other business entity<\/span>, whether or not a <span class=\"dictionary\">party<\/span> to the transaction. Notwithstanding prior approval, an agreement of merger may be terminated or amended under a provision for the termination or amendment contained in the agreement of merger.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEXCHANGE OF SECURITIES; TERMINATION OR AMENDMENT OF MERGER (\u00a7 13.1-1259)\n\nIn connection with a merger, rights or securities of, or interests in, a\nbusiness trust or other business entity that is a constituent party to the\nmerger may be exchanged for or converted into cash, property, rights, or\nsecurities of, or interests in, the successor business trust or any other\nbusiness entity, whether or not a party to the transaction. Notwithstanding\nprior approval, an agreement of merger may be terminated or amended under a\nprovision for the termination or amendment contained in the agreement of merger.\n\nHISTORY: 2002, c. 621.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}